Biden says he'll present gun measures Tuesday

WASHINGTON (MarketWatch) -- After meeting with gun-rights groups, Vice President Joe Biden said he'll outline his recommendations to curb gun violence to President Barack Obama by Tuesday. Biden said there's strong support for universal background checks. The issue came to national attention after children were killed in a Newtown, Conn. elementary school. Whatever proposals the White House comes up with, they will need the support of Congress to become law, and House Republicans have been cool to gun-control measures. Smith & Wesson
SWHC, +0.93%
and Sturm Ruger
RGR, -0.22%
traded lower Thursday.

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